The CareTech Foundation has published its latest Annual Report and Impact Report, highlighting its key achievements and milestones over the past year.
The reports mark the CareTech Foundation’s first five years of operation. Founded in 2017, the Foundation has worked to improve the lives of some of society’s most vulnerable people in the social care sector.
As the first grant-making corporate foundation in the social care sector, the commitment from CareTech Ltd to support the Foundation is backed-up with an annual financial investment of 2.5 per cent of its pre-tax profits.
This year, the Foundation’s portfolio of strategic partnerships has been boosted with new additions including Alzheimer’s Society’s £4.3m Longitude Prize on Dementia, which aims to incentivise assistive technologies to help people living with dementia to remain independent in their own homes, and The Royal National Theatre’s Public Acts programme, which connects the creative and social care sectors on a national scale to make lasting impact in communities of complex needs groups, including individuals with disabilities and those in the LGBTQ+ communities.
The Foundation’s Community Grants programme provides support for issues affecting local communities and to the families and friends of CareTech Ltd staff facing significant challenges. Over the period of this report, the Foundation has awarded Community Grants of nearly £83,000 to 54 local initiatives.
Staff Hardship Fund grants were also provided to 343 staff with grants totalling £166,363.
Committed to supporting the care sector, the Foundation has also played a key role in the establishment of the cross-sector Championing Social Care charitable initiative.
CareTech Foundation CEO Jonathan Freeman MBE said: “The journey over the past five years of the Foundation has been momentous and has featured important milestones and key successes. The Foundation is extremely proud of the impact it has had on improving people’s lives in the UK and overseas. But there is still much to do! If the last year has been any indication of where we want to be in the future, as the Foundation moves into the next five years of its journey, it will strive to have even more impact on people’s lives in the social care sector!”